If the reserve price is not met by the time bidding closes, your product remains unsold. There is also an option to set a reserve price at auction – a minimum amount that you are willing to sell your product for. With an auction-style listing, shoppers will bid on your product during a set period of one, three, five, seven or 10 days and the highest bidder at the close of the auction will win your item.Īuctions are generally set with a low starting bid, typically 99p, to ensure your product gets noticed and of course to prompt bids. Your choice will be based on your product, and its demand. You’ll have the option of using an auction-style listing or a fixed-price listing on eBay. To an extent, the type of eBay listing you choose will dictate your pricing strategy. So, how should you set your eBay pricing effectively? There are several logical steps you should take, starting with your listing format.ĮBay Pricing: Auction Style or Fixed Price?
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